TSX Venture

[howestreetbull]

SMB.v Weekly TA,
Given the back drop in the huge move we've seen this past week in the shares of TPN.v I thought it might be worth taking a look at their neighbour in the Kenya play SMB.v which we have followed for awhile on here. The chart shows the shares have been in a pretty steady decline since they peaked at .26 in May-Jun 2012 timeframe.
It is early perhaps but it appears that rate of decline has slowed and the stock appears to be headed mostly sideways for the last 6 mos or so, however there are several points of interest to note on the indicators which may suggest that things are about to change.The CMF is +ve indicating that moneyflow is into accumulation, the level is still pretty low as indicated by the relatively benign ACC/DIS line, the ADX has fallen underneath both DI+/DI- lines indicating a big move is typically pending, PSAR has flipped underneath price indicating buy time...MACD cross just occurred and the histogram is trending positive...lots of signs that this baby tigger might be ready for a turn in the spotlight and those patiently accumulating their positions could soon be rewarded...as always DYODD and glta...hsb
http://stockcharts.com/h-sc/ui?s=SMB.V&p=W&yr=2&mn=0&dy=0&id=p98977152768&a=279814536&listNum=13